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In-house lawyers should craft a single artificial intelligence governance policy for their organizations, build cross-functional teams to assess AI needs and risks and audit and update their AI policy frequently to keep pace with the technology's rapid evolution, according to experts on an Association of Corporate Counsel conference panel.
Billing rates for the top 100 law firms in the United States surged by 10% from 2023 to 2024, the largest rate hike in the past three years, according to a new research report on Tuesday.
A panel of in-house lawyers speaking at the Association of Corporate Counsel conference on Monday sought to give attorneys a healthier attitude toward failure, advising them to look at setbacks with emotional detachment, to seek help when necessary, and to persist.
Immunotherapy developer Imunon has hired an attorney who previously worked in Allstate's legal department as its new general counsel, the biotech firm disclosed in a U.S. Securities and Exchange Commission filing Monday.
A majority of legal industry employers say that artificial intelligence is changing the skill sets they look for in hiring, according to a report released Monday by business consulting firm Robert Half, with the report also finding that employers prefer to train existing employees than hire externally.
An assistant vice president and counsel to W.R. Berkley Corp., a commercial lines property and casualty insurance holding company, left his in-house role to become a partner with Akerman LLP in New York, the firm announced Monday.
Photronics Inc. has reached a separation agreement with its general counsel of 14 years after placing her on paid leave in mid-June while the company conducted an internal review.
The general counsel of chemical company Element Solutions announced in a recent U.S. Securities and Exchange Commission filing that he plans to retire from his position in 2025.
Eight years after stepping down as general counsel of Exxon Mobil Corp., Jack Balagia is planning to leverage his decades of experience to assist students at the University of Texas at Austin as the new executive director of its Kay Bailey Hutchison Energy Center. Law360 Pulse spoke with Balagia about his new role and the path that led him to it.
Chemical manufacturing company Albemarle Corp. is reorganizing its operating structure, leading to the departure of its general counsel and promotion of its deputy general counsel, the company said Monday.
Nearly 60% of general counsel and chief legal officers expect a reduced reliance on outside legal service providers due to generative artificial intelligence — more than double since a 2023 survey showed 25% of respondents would cut the number of law firms they work with in the next year to slash costs, according to data released Monday.
A blue ribbon commission announced Monday that strengthening oversight, deepening insight and developing foresight are the three main pillars of a new framework for how corporate boards can thrive in the digital age.
Coherent Corp.'s chief legal officer received about $2.1 million in total compensation for the fiscal year ending on June 30, a public filing says.
Departing U.S. Securities and Exchange Commission enforcement director Gurbir Grewal will land at Milbank LLP in New York after he leaves the agency later this month, joining the law firm's litigation and arbitration group, according to a person familiar with the matter.
Energy technology company Holtec International has launched a New Jersey state lawsuit accusing its former general counsel and others of taking part in an embezzlement scheme to dupe the company into paying more than $700,000 to an entity they owned.
A former intellectual property litigation partner from Morrison Foerster LLP is now OpenAI's lead counsel for artificial intelligence research, the company said Friday.
The Association of Corporate Counsel announced a new toolkit for in-house attorneys on Thursday directed at cybersecurity threats and delivering practical strategies to prepare for and mitigate damage from potential data breaches.
RPM International Inc., the parent of sealant and building material companies Rust-Oleum, DayGlo and DAP, announced Friday that its associate general counsel and vice president for compliance and sustainability is moving into its top legal post, as the company's longtime general counsel prepares to retire.
Law360 Pulse lists the legal chiefs who command the top salaries from public companies in America — think Big Tech. And the SEC is losing its top enforcer, to the cheers of crypto companies.
After four straight months of employment declines, the U.S. Bureau of Labor Statistics' latest report shows positive signs for the legal industry.
Biotech company Illumina Inc. has announced the departure of its general counsel and the appointment of an in-house attorney to serve in the post on an interim basis as the business searches for a successor.
Multistate cannabis company TILT Holdings Inc. has announced that its first ever general counsel has returned to the company as a member of its board of directors.
Kramer Levin Naftalis & Frankel LLP and Potter Anderson & Corroon LLP led this week's edition of Law360 Legal Lions after a Delaware federal jury decided on Sept. 27 that Amazon Web Services infringed two computer network patents that were once owned by Boeing, telling the tech giant to pay $30.5 million in damages.
The legal industry kicked off the first week of October with several partner promotions, lateral moves, law firm closures and mergers. Test your legal news savvy here with Law360 Pulse's weekly quiz.
Greenberg Traurig LLP is boosting its West Coast team, bringing in WeWork's former global head of employment law as a shareholder in its San Francisco office.
Opinion
We Need More Professional Diversity In The Federal JudiciaryWith the current overrepresentation of former corporate lawyers on the federal bench, the Biden administration must prioritize professional diversity in judicial nominations and consider lawyers who have represented workers, consumers and patients, says Navan Ward, president of the American Association for Justice.
Series
Ask A Mentor: How Do I Retire Without Creating Chaos?Retired attorney Vernon Winters explains how lawyers can thoughtfully transition into retirement while protecting their firms’ interests and allaying clients' fears, with varying approaches that turn on the nature of one's practice, client relationships and law firm management.
Narges Kakalia at Mintz recounts her journey from litigation partner to director of diversity, equity and inclusion at the firm, explaining how the challenges she faced as a female lawyer of color shaped her transition and why attorneys’ unique skill sets make them well suited for diversity leadership roles.
Navigating the legal world as an Asian American lawyer comes with unique challenges — from cultural stereotypes to a perceived lack of leadership skills — but finding good mentors and treating mentorship as a two-way street can help junior lawyers overcome some of the hurdles and excel, say attorneys at Paul Weiss.
As the need for pro bono services continues to grow in tandem with the pandemic, attorneys should assess their mental well-being and look for symptoms of secondary traumatic stress, while law firms must carefully manage their public service programs and provide robust mental health services to employees, says William Silverman at Proskauer.
As more law firms develop their own legal services centers to serve as both a source of flexible personnel and technological innovation, they can further enhance the effectiveness by fostering a consistent and cohesive team and allowing for experimentation with new technologies from an established baseline, say attorneys at Hogan Lovells.
Amid pandemic-era shifts in education, law schools and other stakeholders should consider the wide geographic and demographic reach of Juris Doctor programs with both online and in-person learning options, and educators should think through the various ways hybrid programs can be structured, says Stephen Burnett at All Campus.
BigLaw has the unique opportunity to hit refresh post-pandemic and enhance attorney satisfaction by adopting practices that smaller firms naturally employ — including work assignment policies that can provide junior attorneys steady professional development, says Michelle Genet Bernstein at Mark Migdal.
In order to attract and retain the rising millennial generation's star talent, law firms should break free of the annual review system and train lawyers of all seniority levels to solicit and share frequent and informal feedback, says Betsy Miller at Cohen Milstein.
Lawyers can take several steps to redress the lack of adequate LGBTQ representation on the bench and its devastating impact on litigants and counsel in the community, says Janice Grubin, co-chair of the Judiciary Committee at the LGBT Bar Association of Greater New York.
Krill Strategies’ Patrick Krill, who co-authored a new study that revealed alarming levels of stress, hazardous drinking and associated gender disparities among practicing attorneys, highlights how legal employers can confront the underlying risk factors as both warnings and opportunities in the post-COVID-19 era.
While international agreements for space law have remained relatively unchanged since their creation decades ago, the rapid pace of change in U.S. laws and policies is creating opportunities for both new and veteran lawyers looking to break into this exciting realm, in either the private sector or government, says Michael Dodge at the University of North Dakota.
Series
Ask A Mentor: What Makes A Successful Summer Associate?Navigating a few densely packed weeks at a law firm can be daunting for summer associates, but those who are prepared to seize opportunities and not afraid to ask questions will be set up for success, says Julie Crisp at Latham.
Law firms can attract the right summer associate candidates and help students see what makes a program unique by using carefully crafted messaging and choosing the best ambassadors to deliver it, says Tamara McClatchey, director of career services at the University of Chicago Law School.
Opinion
Judges Deserve Congress' Commitment To Their SafetyFollowing the tragic attack on U.S. District Judge Esther Salas' family last summer and amid rising threats against the judiciary, legislation protecting federal judges' personal information and enhancing security measures at courthouses is urgently needed, says U.S. District Judge Roslynn Mauskopf, director of the Administrative Office of the U.S. Courts.